July 5, 2013 1:32 pm
Updated: July 5, 2013 1:43 pm

Lululemon faces 3rd US class action suit

Lululemon Athletica Inc. is facing yet another class action proceeding in the United States.

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NEW YORK – Lululemon Athletica Inc. is facing yet another class action proceeding in the United States.

Like the others, the most recent filing against the Vancouver-based retailer of high-end activewear alleges disclosure shortcomings related to the controversial recall of the company’s Luon yoga pants.

The suit was filed by Morgan & Morgan in the U.S. District Court for the Southern District of New York on behalf of investors who bought Lululemon stock between March 21 and June 10.

© 2013 The Canadian Press

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